DRW Securities LLC trimmed its holdings in Phillips 66 (NYSE:PSX - Free Report) by 89.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,690 shares of the oil and gas company's stock after selling 14,310 shares during the period. DRW Securities LLC's holdings in Phillips 66 were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of PSX. Lazard Asset Management LLC increased its stake in Phillips 66 by 12.7% in the first quarter. Lazard Asset Management LLC now owns 3,998 shares of the oil and gas company's stock valued at $652,000 after acquiring an additional 451 shares during the last quarter. Plato Investment Management Ltd raised its stake in shares of Phillips 66 by 893.3% during the first quarter. Plato Investment Management Ltd now owns 5,175 shares of the oil and gas company's stock worth $845,000 after acquiring an additional 4,654 shares in the last quarter. Independent Wealth Network Inc. raised its stake in shares of Phillips 66 by 6.3% during the first quarter. Independent Wealth Network Inc. now owns 1,626 shares of the oil and gas company's stock worth $266,000 after acquiring an additional 97 shares in the last quarter. First City Capital Management Inc. bought a new stake in shares of Phillips 66 in the 1st quarter worth approximately $210,000. Finally, Beck Bode LLC purchased a new stake in shares of Phillips 66 in the 1st quarter valued at $753,000. Institutional investors own 76.93% of the company's stock.
Phillips 66 Trading Down 0.7 %
Phillips 66 stock traded down $0.90 during mid-day trading on Thursday, reaching $133.35. 2,151,868 shares of the company traded hands, compared to its average volume of 2,662,707. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. Phillips 66 has a 52-week low of $117.74 and a 52-week high of $174.08. The firm has a market capitalization of $55.07 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 4.40 and a beta of 1.33. The firm's 50 day moving average price is $130.58 and its 200 day moving average price is $135.07.
Phillips 66 (NYSE:PSX - Get Free Report) last announced its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The firm had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. During the same quarter in the previous year, the firm posted $4.63 EPS. The company's revenue for the quarter was down 10.3% compared to the same quarter last year. On average, analysts anticipate that Phillips 66 will post 7.57 earnings per share for the current fiscal year.
Phillips 66 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $1.15 dividend. The ex-dividend date is Monday, November 18th. This represents a $4.60 annualized dividend and a dividend yield of 3.45%. Phillips 66's payout ratio is 59.05%.
Analyst Upgrades and Downgrades
PSX has been the subject of several recent research reports. Barclays lowered their price target on shares of Phillips 66 from $133.00 to $124.00 and set an "equal weight" rating for the company in a research note on Monday, November 11th. Bank of America assumed coverage on Phillips 66 in a report on Thursday, October 17th. They issued a "buy" rating and a $156.00 price objective on the stock. Scotiabank dropped their target price on Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. Piper Sandler set a $144.00 price target on Phillips 66 in a research report on Thursday, October 17th. Finally, Wells Fargo & Company lowered their price objective on Phillips 66 from $182.00 to $167.00 and set an "overweight" rating for the company in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.69.
Read Our Latest Analysis on Phillips 66
Phillips 66 Profile
(
Free Report)
Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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